Coneyhull

Coneyhull

Difficult to gauge sentiment with the political and economic instability in the US and the EU, albeit less so in the latter. The pair hit a year high last week of approx 1.075-1.077. There was 4 touches of this high which quickly retraced. Currently, the pair is in a consolidation phase and waiting for breakout. If the the loosely drawn, ascending triangle holds...

Coneyhull

A tough week ahead for the pair considering all the data that is out WB 16/1. The pair has found support and resistance at around 1.0603. This current price level is providing support, the next level of resistance is at apporx 1.066. I expect a momentary consolidation phase before a breakout.

Coneyhull

The pair is testing the upper channel, if rejected expect downside over coming weeks of 1.085

Coneyhull

Since the referendum the pair has been moving sidewards. News on Interest Rates, PMI, CPI data has greatly effected the pair more than ever. Since the 3rd of August the pair has lost 2.5% with the pair closing at 1.30634 on Friday. Monday morning will be very interesting, if price can reach 1.30724 expect upside of 1.331, if 1.30724 continues to be broken a...

Coneyhull

Its going to be a very, very interesting week for the USD/CAD. The pair has not seen 1.31808 since March 30th. It was tested in late July but rejected, and also tested on Friday, but soon rejected. The pair has been in an upward channel since early June, for the channel to continue, 1.31808 will have to be broken.

Coneyhull

It is difficult currency to predict at the moment. The BoE are meeting on Thursday, where they are expected to lower interest rates; this could see the GBP slump towards 1.25, as per all the economists are forecasting. Anyways, at the moment you can classify the pair to be in a rectangle and a wedge shape; if the wedge breaks bullish, then the resistance will be...

Coneyhull

As you can see on the chart, the price of approx 100 is a critical area of importance. If the price breaks 100 then the next area of support is 96. It will be interesting to see how this plays out; The Fed and BoJ will play crucial roles as to were the price will end up.

Coneyhull

Since mid-June, Oil has been in a downwards channel. I expect the price action to recover to 46.42 - 46.91 before revisiting the May lows of 44.4 - 43.

Coneyhull

USD/CAD price action is currently bullish, in an upwards channel. We have a A-B-C structure in the channel. Wait for the completion of the D formation which should finish towards 1.295 before buying long. You can scalp short but beware.

Coneyhull

Medium term sentiment is still bearish. However, currently, with all the major news breaking weekly it is difficult to garner absolute long term sentiment. Currently, the price is in a descending triangle formation; although the previous ascending triangle didn't achieve its bullish target; wait for breakout of the triangle and then go short or long. I...

Coneyhull Updated 

Pattern on chart self explanatory.

Coneyhull

The 1.054 price has been respected since January, if this price breaks before a retracement expect upside of 1.07. The price is currently in a rectangle consolidation phase, and has been since mid June. Until this breaks, look for scalps.

Coneyhull

There has been resistance at 1.113 for the previous 2 months. Currently we still face issues breaking 1.113, but when it does break expect resistance at 1.118. When this breaks i anticipate upside of 1.14. Best of luck.

Coneyhull

I have no idea.

Coneyhull

Since Brexit the AUD/USD has been bearish. The currency pair is currently in a descending triangle pattern with approx 0.73 acting as support. Wait for breakout. Follow the principles of breakout.

Coneyhull

OK, so the UK voted to leave. For the last week the Cable has risen from approx 1.4 to 1.5 with the markets anticipating a Remain vote. So, during the Ref. vote count the volatility increased and we hit below 1.34. which is only a 6c correction if you discredit the market moves over the previous 7 days. Anyways, at the moment we have had a bounce back off of...

Coneyhull

The current bias of the USD/JPY is undefined. Sidewards, consolidation for the previous week since the big move last Wednesday. The pair is currently in two channels; short term sidewards, defined by the black dashed line and longer term bearish channel (light blue). At the end of trading today, one of the two channels should be hit and act as a resistance....

Coneyhull

Looking to hit the upper light blue channel. Short at top of channel.